MIDLAND, Texas, April 24, 2007 (PRIME NEWSWIRE) -- Penge Corp, (Pink Sheets:PNGC) announces the grand opening of the second Texas Landscape Center in Odessa, Texas.
Texas Landscape Center is a full service nursery located at 3600 Andrews Highway, in Odessa, Texas. The hours of operation are 9-6 Monday -- Saturday and 10-5 on Sunday. The phone number is 432-362-7200 and the general manager is Wendy.
The new Odessa Texas Landscape Center opened in March, 2007 selling many products that we have grown at our three wholesale growing facilities in Tucson, Houston, and Midland. This allows us to sel high quality products at reasonable prices, while still maintaining good gross profit margins. This location was formerly known as Mike's Garden Center and has been a retail nursery location for over 35 years.
The financing for the project was provided by local Midland, Texas investors and existing Penge Corp shareholders.
The Grand Opening will be held on Saturday, April 28th, 2007 with special pricing and product availability. Please check the Odessa and Midland newspapers for details. The Grand Opening will also be celebrated at the 1501 N. Fairgrounds Road location in Midland, Texas; 432-683-7500
The company has begun a 10 week advertising campaign previewing the new store to the public featuring "Better Plants, Better Prices" and "From Our Dirt to Yours". www.pengecorp.com
The Texas Landsccape Center logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3645
About Penge Corp
Penge Corp, a Delaware corporation, is a public holding company that is vertically integrating the retail and wholesale nursery businesses. Penge's current holdings include two retail nurseries in Midland and Odessa, Texas, and three wholesale growing facilities in Tucson, Arizona; Houston, Texas; and Midland, Texas. Penge Corp maintains its principal offices in Midland, Texas.
The Penge Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3644
Forward-looking Statements. This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, the risks that the company may incur unexpected production or other costs which adversely affect its cost basis in its inventory and gross margins, that the company may be required to purchase inventory from third party suppliers at higher prices and that sales and pricing at the company's new store may not meet the company's expectation. In general, the company is, and expects to be in the immediate future, dependent upon funds generated from sales of securities, notes and ongoing operations. In addition, other risks are identified in the company's Form 10-SB and Forms 10-QSB, as filed with the SEC. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events.